NASDAQ$PNNT
PennantPark Investment Corp · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced financial results with a 10.0% increase of its quarterly distribution to $0.165 per share.
PennantPark Investment Corporation reported its Q4 and fiscal year ended September 30, 2022. The company's investment portfolio totaled $1,226.0 million, and net assets were $585.6 million. Net investment income was $9.2 million, or $0.14 per share.
- Investment portfolio totaled $1,226.0 million.
- GAAP net asset value per share was $8.98.
- Net investment income was $9.2 million.
- The company declares a distribution of $0.165 per share, an increase of 10.0% from the most recent distribution.
Headline financials
Revenue & EPS history
PennantPark · Revenue · Quarterly
$28.9M
Revenue by segment
PennantPark · $28.7M total across 3 segments · Q4 2023
- First Lien Secured Debt$24.5M—85.4%
- Second Lien Secured Debt$2.9M—10.1%
- Subordinated Debt$1.3M—4.5%
Forward guidance
PNNT is targeting to grow Net Investment Income through growing assets on balance sheet, growing the PSLF joint venture and rotating equity investments into yielding instruments and is looking forward to investing in the late 2022 and 2023 vintage of new loans that should benefit from more conservative structures at higher yields.
Tailwinds
- PNNT is well positioned as a leading provider of capital to the core middle market.
- PNNT continues to target executing on its strategy to grow Net Investment Income through growing assets on balance sheet
- PNNT continues to target executing on its strategy to grow Net Investment Income through growing the PSLF joint venture
- PNNT continues to target executing on its strategy to grow Net Investment Income through rotating equity investments into yielding instruments.
- PNNT is looking forward to investing in the late 2022 and 2023 vintage of new loans that should benefit from more conservative structures at higher yields.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2022
+0.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+2.3%
Avg return
30 days after
52%
32 / 62 earnings
Positive
+19.3%
Q4 2020
Best reaction
-12.8%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -4.6% | -10.4% | — | |
| Q4 2025 | -5.6% | -5.0% | -8.1% | |
| Q3 2025 | +0.8% | -2.1% | -2.3% | |
| Q2 2025 | +3.3% | +2.6% | +3.5% | |
| Q1 2025 | -0.7% | +0.4% | -3.8% | |
| Q4 2024 | -1.0% | -2.4% | +1.3% | |
| Q3 2024 | -0.4% | +0.4% | +0.1% | |
| Q2 2024 | +3.2% | +2.1% | +7.8% | |
| Q1 2024 | -2.2% | -1.2% | -1.9% | |
| Q4 2023 | -2.5% | -2.2% | -2.8% | |
| Q3 2023 | +3.6% | +2.1% | -1.0% | |
| Q2 2023 | +7.4% | +9.4% | +20.1% | |
| Q4 2022 | +0.3% | +1.0% | -4.8% | |
| Q3 2022 | -1.7% | -0.8% | -3.6% | |
| Q2 2022 | -0.8% | -5.2% | -5.8% | |
| Q1 2022 | +6.3% | +7.1% | +5.6% | |
| Q4 2021 | +1.0% | +3.3% | -3.2% | |
| Q3 2021 | +4.6% | +5.4% | +1.4% | |
| Q2 2021 | +4.4% | +2.3% | +5.1% | |
| Q1 2021 | +0.4% | -1.9% | +3.7% | |
| Q4 2020 | +19.3% | +28.0% | +28.9% | |
| Q3 2020 | +3.2% | +3.2% | +2.3% | |
| Q2 2020 | -4.6% | -9.9% | +27.4% | |
| Q1 2020 | +2.9% | +0.8% | -11.1% | |
| Q4 2019 | +1.7% | +2.5% | +11.3% | |
| Q3 2019 | +0.6% | -1.7% | -3.7% | |
| Q2 2019 | -3.6% | -5.5% | -6.5% | |
| Q1 2019 | -3.5% | -1.5% | -3.3% | |
| Q4 2018 | +4.1% | +2.7% | +2.4% | |
| Q3 2018 | -0.5% | +1.5% | +1.5% | |
| Q2 2018 | +2.5% | +4.4% | +10.2% | |
| Q1 2018 | +4.8% | +8.0% | +9.9% | |
| Q4 2017 | -4.0% | -4.7% | -8.1% | |
| Q3 2017 | +0.7% | +3.6% | +1.1% | |
| Q2 2017 | +4.4% | -1.2% | -3.1% | |
| Q4 2016 | -6.0% | -5.8% | +2.3% | |
| Q3 2016 | +2.0% | +2.8% | +10.1% | |
| Q2 2016 | +0.2% | — | — | |
| Q1 2016 | +5.7% | — | — | |
| Q4 2015 | -7.8% | — | — | |
| Q3 2015 | +2.8% | — | — | |
| Q2 2015 | +0.4% | — | — | |
| Q1 2015 | +4.5% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | -0.5% | — | — | |
| Q2 2014 | +1.0% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | -1.2% | — | — | |
| Q2 2013 | -2.0% | — | — | |
| Q1 2013 | -2.4% | — | — | |
| Q4 2012 | -2.4% | — | — | |
| Q3 2012 | -0.2% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | -4.4% | — | — | |
| Q3 2011 | -4.6% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2010 | +4.2% | — | — | |
| Q4 2010 | +0.0% | — | — | |
| Q3 2010 | -1.5% | — | — | |
| Q2 2010 | -12.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro